Q&As

What do I need to consider in promoting insurance products online?

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Published by a LexisNexis Financial Services expert
Published on: 27 November 2013
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Brexit: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/Implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

The financial promotion regime is contained in section 21 of the Financial Services and Markets Act 2000 (FSMA 2000). A financial promotion is a communication made in the course of business that is an invitation or an inducement to engage in investment activity. In the UK, a person must not make a financial promotion unless they are an authorised person, the content of the communication is approved by an authorised person, or the communication is covered by an exemption. For further information on the financial promotion regime, see Financial promotion—flowchart.

Key legislation

Besides FSMA 2000 there are four

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United Kingdom
Related legal acts:
Key definition:
Brexit definition
What does Brexit mean?

means: (a) the United Kingdom (UK) ceasing to be a member state of the European Union (EU) and/or the European Economic Area (EEA) on exit day; and/or (b) the commencement, end of[ or variation in] any transitional, trading or other arrangements from time to time between: (i) the UK and the EU and/or EEA (including during any implementation period and IP Completion Day); and/or (ii) the UK and any other country, group of countries, international organisation, bloc or body (including the World Trade Organization) in contemplation of or (directly or indirectly) in connection with the UK’s said cessation of membership;

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